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Western Union (WU) Decline Continues on Bitcoin-Related Concerns
StreetInsider.com ^ | 1/10/2014 | StreetInsider.com

Posted on 01/11/2014 8:24:12 AM PST by TsonicTsunami08

Western Union Co. (NYSE: WU) declined for the second day in a row on Friday. The fall may be related to concerns about possible competition from Bitcoin, a topic that was discussed in StreetInsider.com's Pulse Picks Newsletter Wednesday and later touched on by analyst Mark Palmer of BTIG. Palmer commented on Bitcoin-related worry on Thursday, just a day after initiating Western Union at Buy.

(Excerpt) Read more at streetinsider.com ...


TOPICS:
KEYWORDS: bitcoin; criptocurrency; westernunion
"We appreciate why the Bitcoin story would be compelling to some – particularly those prone to be attracted to shiny objects"

Mark Palmer of BTIG is looking so far down his nose at Bitcoin he is actually talking out his A$$!

Hey Mark,If you have vacation plans my I suggest some nice comfy seats on the Tianic!

The beginning of the beginning of the end is here for business models like Western Union.

1 posted on 01/11/2014 8:24:12 AM PST by TsonicTsunami08
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To: TsonicTsunami08

Thats “ Titanic “ Doh!


2 posted on 01/11/2014 8:26:11 AM PST by TsonicTsunami08
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To: TsonicTsunami08

He doesn’t care for Bitcoin and I don’t care what he thinks.


3 posted on 01/11/2014 8:31:37 AM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: TsonicTsunami08

Even without BC, you couldn’t find a worse or more risky service than WU. I would say that Paypal has been a much greater threat to WU than Bitcoin.


4 posted on 01/11/2014 8:41:12 AM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: bigbob

My wife recently tried to send some money by WU after years of not using it. The transaction was declined and she was finally able to get an explanation. Either she, the receiver, or someone with the same or similar name as one of them had committed fraud with WU in the past. Thanks a bunch, WU. We found a better way.


5 posted on 01/11/2014 8:46:40 AM PST by eartrumpet
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To: TsonicTsunami08
Bitcoin is a terminal threat to the Mastercard/Visa skim, too.

Bitcoin could bring about a New World Order that totally turns upside-down the one envisioned by the global elites.

6 posted on 01/11/2014 8:47:46 AM PST by E. Pluribus Unum (Who knew that one day professional wrestling would be less fake than professional journalism?)
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To: TsonicTsunami08

Western Union has been dying slowly ever since Paypal got rolling.


7 posted on 01/11/2014 8:49:01 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: eartrumpet

WalMart has a money transfer service where the recipient can pick up the money at any WalMart store.


8 posted on 01/11/2014 8:51:20 AM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: PapaBear3625

That’s good to know, but this was going overseas.


9 posted on 01/11/2014 8:57:24 AM PST by eartrumpet
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To: E. Pluribus Unum

Bitcoin is a terminal threat to the Mastercard/Visa skim, too.


Possibly, but the difference is that bitcoin is pretending to be an inherent supply of wealth, while Visa is a service.

It’s easy to get the skim back (and more) with rebates or points.


10 posted on 01/11/2014 9:25:37 AM PST by Atlas Sneezed ("Income Inequality?" Let's start with Washington DC vs. the rest of the nation!)
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To: Mad Dawgg
Western Union has been dying slowly ever since Paypal got rolling.

Actually, its been dying since AT&T and Federal Express made telegraphs obsolete. They had a MUCH BIGGER payroll then, and underfunded pensions. The rest is math.
11 posted on 01/11/2014 9:29:30 AM PST by Dr. Sivana (Five years, my brain hurts a lot.)
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To: eartrumpet
That’s good to know, but this was going overseas.

WalMart partners with MoneyGram, which also does overseas transfers.

12 posted on 01/11/2014 9:41:07 AM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: bigbob

Yes, but with WU, you could claim to be anybody and send MO to certain entities. I even claimed my bud was stranded in Spain, gave fake addresses etc, and the clerk just took it line and sinker. But that was $50 to pay for a vPN.

Then again I hate WU, they keep a copy of your ID for anything past a certain amount using MO.


13 posted on 01/11/2014 10:20:13 AM PST by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: TsonicTsunami08
Bitcoin showing a bearish "Evening Star" pattern on the daily chart.


14 posted on 01/11/2014 10:27:33 AM PST by montag813
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To: Atlas Sneezed
It’s easy to get the skim back (and more) with rebates or points.

Not for the merchant.

Look what the banksters did to Walmart when they tried to cut out the Mastercard/Visa skim.

Wal-Mart Defends Its Bid to Enter Banking

There is no reason in the world that Mastercard/Visa should make more profit on a Walmart transaction than Walmart does, other than the greed of the big-government/big-corporate criminal fascist complex.

15 posted on 01/11/2014 10:44:25 AM PST by E. Pluribus Unum (Who knew that one day professional wrestling would be less fake than professional journalism?)
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To: montag813

Thats okay,we’re in Bitcoins infancy. This video explains things perfectly. It is not uncommon but we never see the volatility in tech startups before the IPO. Since Bitcoin will never have an IPO it is there for all to see. These are ant hills in the run up to Bitcoin Mount Everest!

https://www.youtube.com/watch?v=qHUPPYzzZrI

Bitcoin @ $1,000,00 is a bargain!


16 posted on 01/11/2014 11:01:11 AM PST by TsonicTsunami08
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To: TsonicTsunami08

Quit posting bitcoin articles in the news forum.


17 posted on 01/11/2014 11:18:31 AM PST by Admin Moderator
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To: Admin Moderator

Sorry FRiend,

If the decline of a major company like Western Union isn’t news what would you consider it? I will post Bitcoin in whatever category you deem appropriate. Just tell me where and I will happily post them in the category of your choosing.
Thanks,

Tom Vaughan


18 posted on 01/11/2014 12:16:35 PM PST by TsonicTsunami08
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To: TsonicTsunami08

I am using Western Union to send money to get millions of dollars out of Nigeria. Some poor banker died in a plane crash and I’m the only person on earth that can be trusted for this transaction. Honest.


19 posted on 01/11/2014 12:53:00 PM PST by Organic Panic
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To: Admin Moderator

Sir/ Madame,

You have publicly admonished me. I have asked for guidance so I don’t run afoul of the rules. Kindly respond.

Tom Vaughan


20 posted on 01/11/2014 6:07:44 PM PST by TsonicTsunami08
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To: Admin Moderator

“Quit posting bitcoin articles in the news forum.”

Is there a list of these restrictions somewhere?

Yesterday I saw a post that Daily Mail articles were no longer allowed and am now wondering how many more hidden rules are out there on FREE Republic

Thanks


21 posted on 01/12/2014 6:54:00 AM PST by varyouga
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